As we are seeing the market, the support is at 19,400, which has shifted from 19,400 to 19,500. Resistance was at 19,500 which shifted from 19,500 to 19,600.

Support is slowly coming to the verge of becoming strong. It is on the verge of shifting back to 550 as the resistance slowly turns weak towards bottom. Along with this, the volume of 500 is also visible.

How is the overall market scenario now?

Resistance and Support were first weak towards top then it was the bull run scenario. But now that the resistance is not weak towards bottom, the diversion to the extent will itself be the high of the day, around 580. The diversion one is the 487 with the bottom. And divergence two is the value of  582. The expected reversal price  is 19,582, which is a diversion against 1.0. When in the morning it was against 1.0, now in favor. So it is risky, but the thing is there is a value around 582 which can be the top of the market for the day. Right now the resistance is weak towards top. In such a case, we have to take care of only one thing the percentage on which the resistance is weak towards bottom, That percentage should increase continuously and should keep rising, until 300 and 550 turn blue. Till then that percentage should keep increasing and we will see this percentage in terms of both Open Interest Volume. Even if the open interest turns pink instead of turning blue, it will still work. Even if one of the two becomes the highest, the work will be done. This should go on. Secondly, the support is slowly trying to strengthen.

Even if by mistake the percentage of weakness of support kept increasing :-

If it continues to increase again, i.e. 81 to 82, 83, 84, 85, 86 percentage of volume, then it will indicate a big fall in the market. And it will indicate big red candles, take care of this. This market is no longer an open bull run. (was in the morning)

There is control over this market, there is control over resistance.

Let’s talk about Chart of Accuracy 2.0.

In chart 2.0, see 19550 , 19600 , and 19500. At 600 we will see Call side is continuously doing a great up move and Put side is also putting up a good fight.

We try to see a 650 also. call side good on 650 Very high. Talking about 550, a lot of pressure has been created on the put side. That is, at present, the market will not be allowed to fall down to the diversion of 550.

Talking about 600, the call side is up at 600, so at the moment, it will not let it go above the extension of 600. On 500 there is no trace of the call side.

Coming to our weekly range, the weekly range is 543, which means call side LTP of 550 should be zero at the end of the day.

So overall such possibilities are also being created in the market.

The support itself is getting stronger, the resistance is slowly turning in favor of the weak towards bottom. Open interest is still fighting the battle. Open interest is fighting a battle in many places.

In such a case which four magical lines will be there and which four values do we have to keep in mind? Which will be useful for us in today’s day:-

1- Call side diversion of 19,550 in Nifty is very significant in itself. If this percentage continues to increase like this, then that diversion itself will be the high of the day.

2- If this percentage starts decreasing, even by mistake, then the market will become a bull run. Always be careful, that’s why even by mistake, if this percentage decreases three or four or five times, then you will run away fearing the market.

Those who are trying to go with a bearish market, don’t think about anything because Support is slowly becoming strong in itself.  Extension of support i.e. extension of 500 will matter because the support has shifted from bottom to top. That’s why the market is Seen in between diversion of 550 and 500. This is the range of today’s day. The support itself has strengthened so it is not likely to fall much below the extension of 500. Because at call side change pts are completely green.

At the end of the day another thought may come. This could become another scenario when this resistance shifts back all the way to 500. The percentage of resistance should not stop, it should keep increasing. Even if it stops, the extension of support at 500 will once again create a good buying environment. So as far as we can clearly see the values of buying and selling, the extension of 500 can be seen as a good value in itself and the diversion of 550 for selling is on the call side, which is risky because of the shift from bottom to top but still it is ok.